Tag Archives: And Nobody Went To Jail

John Ward – UBS : A Billion-Quid Fraud, And Nobody Went To Jail – 19 December 2012

John WardWhy is there a 99.9% correlation between influence and freedom? 

UBS today settled its global libor fraud case by paying fines of just under £1 billion – over twice the fine dumped on Barclays.

No senior manager at UBS will be losing their jobs, or resigning. And naturally, none of them will be going to jail. Continue reading